LTCBTC - Long for now

2 Mar 2018

LTC is behaving in corrective waves pretty much since it hit binance. First ABC finished with a 5 wave impulsive C, but thereafter we're witnessing 3-3-3 corrective waves all the way up to the top that was hit recently. We're currently reversing trend from a double bottom and I expect price to come back in a 3-wave structure to previous ATH (this should be a B wave). Depending on market sentiment at the time that top ATH should hold (or if not we may start an impulsive sequence) - in which case a C wave down is due (strong rejection). A price of 0.04btc is expectable by end of year.